CVS Pharmacy
Stockton, CA
Key Details
| Price: | $11,000,000 |
|---|---|
| Cap Rate: | 5.52% |
| Annual Rent: | $607,407 |
| Address: | 2605 West March Lane, Stockton, California 95207 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 25 Years |
|---|---|
| Lease Commencement: | 12/21/2011 |
| Lease Expiration: | 1/31/2037 |
| Lease Term Remaining: | 12.3 Years |
| Rental Increases: | None, Flat Through January 2034 |
| Lot Size: | 2.15 Acres |
| Building Size: | 10,800 SF |
| Year Built: | 1979 |
| Year Renovated: | 1999 |
NNN Pro is pleased to present the exclusive listing for a CVS Pharmacy located at 2605 West March Lane, Stockton, California 95207. The site consists of roughly 10800 rentable square feet of building space on an estimated 2.15-acre parcel of land. This CVS Pharmacy is subject to a 25-year Triple Net (NNN) lease, which commenced 12/21/2011. The current annual rent is $607,407 and has scheduled increases of None, Flat Through January 2034.
About the Investment
- 99th Percentile of all CVS Pharmacies
- 12+ Years Remaining on Lease
- >287K Individuals Within 5-Mile Radius
Key Details
| Price: | $11,000,000 |
|---|---|
| Cap Rate: | 5.52% |
| Annual Rent: | $607,407 |
| Address: | 2605 West March Lane, Stockton, California 95207 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 25 Years |
|---|---|
| Lease Commencement: | 12/21/2011 |
| Lease Expiration: | 1/31/2037 |
| Lease Term Remaining: | 12.3 Years |
| Rental Increases: | None, Flat Through January 2034 |
| Lot Size: | 2.15 Acres |
| Building Size: | 10,800 SF |
| Year Built: | 1979 |
| Year Renovated: | 1999 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Francis Purritano
fpurritano@nnnpro.com
License: NY: 10401333619
Broker of Record
Brian Brockman
Bang Realty-California, Inc
License: 2154562
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.